Mutu ya Chuma.
This thread is solely dedicated to Kenya's Railroad News and Discussion.
Uganda is one of the most important market for kenyan goods and it would be very naive to budge the chinese way on this issue sweet as their money is!I found something worth posting:
I am afraid it is highly unlikely Nairobi will be having an underground train system in the near future.But these are good plans which should have been implemented years ago.This is contained in the Nairobi Metropolitan spatial draft about the future plans for Nairobi.
Project: Preparation of Spatial Plan for Nairobi Metropolitan Region Page 9.33
Document: 2010063/UPD/ Draft Plan April, 2011
Chapter 9 R0
188.8.131.52 Underground Metro (MRTS)
In the identification of Rail Line (corridors), it has been the assumption that the line will run
as elevated system along the reserve of the road corridors. However, there may be some
objections from urban aesthetics that the elevated track structure would be a physical
obstruction for view of cityscape, particularly in the CBD area and at other locations where
heritage or historical landmarks exist. The system design and materials have developed so
high and sophisticated that it is possible to build elevated MRTS which can add value to
cityscape rather than downgrade it. Also, underground system is extremely costly and the
city may not afford to invest such large sums at this stage. However, if aesthetic values are
prime and funds are not major constraint then, the railway lines may run underground,
particularly in and around the CBD.
The probable underground stretches of corridors are:
CBD Section of Thika LRT route
CBD section of Juja LRT corridor
CBD section of Jogoo LRT corridor
CBD section of Ngong Road LRT corridor
CBD section of Waiyaki Way LRT corridor
The 5 lines may start/end at NRS with arrangements for transfer amongst them, with other
rail lines and other modes. Also, the 5 lines may be formed into 2 lines, one from Limuru –
Kenya Soil Survey – Westlands – NRS – JK Airport – Mavoko and the other from Thika –
Kenyatta University – Kasarani – NRS – Kenyatta Hospital – Dagoretti – Ngong Town, with
crossing at NRS.
The feasibility study will evaluate these underground corridors vis-à-vis elevated lines and
make suitable recommendations.
BusinessDailyAfricaForeigners race for rail firm’s Sh256bn real estate project
Four international financiers have applied to invest jointly with the Kenya Railways Corporation (KRC) in a Sh256 billion real estate plan as foreign investors eye the country’s booming property market.
The State-owned rail agency has been scouting for investors to help develop office blocks, hotels, light manufacturing industries, parking bays and shopping malls on its 320 acres of idle land surrounding the rail stations in Nairobi, Kisumu and Mombasa.
“We are looking at the four applicants and we shall reveal their details at the appropriate time. All that is important now is that they have very strong offers,” said Mr Nduva Muli, the firm’s managing director in an interview with the Business Daily without giving details.
Under the joint venture, Kenya Railways will provide the land which is shaping up to be the biggest costs item in housing construction and part financing, expected to earn the firm an estimated Sh1 billion annually in land leases, critical to support its heavy financial needs.
“We are investing in such projects so that we stop our over reliance on the government. KR will use the proceeds from the land lease to develop the railway infrastructure and the terminus.” said Mr Muli.
This comes at a time of property boom in the country that has seen home and office block prices rise 3.5 times in the past decade — a return that has caught the eye of foreign investors.
Rapid urbanisation, population growth and expansion of the middle class have emerged as drivers of Kenya’s property market that is riding on nearly three decades of underinvestment.
Kenya Railways has opened its massive land to private investors, joining the list of institutions such as the National Social Security Fund (NSSF), Centum Investment and pension schemes in rushing to tap the huge returns from the booming property market.
In Nairobi, under KRC the investor is expected to put about Sh120 billion in building shopping malls, restaurants, a manufacturing park, and two hotels with a capacity to accommodate 3,000 people.
In Mombasa, the investors will build an international trade centre, office blocks, shopping malls, and three hotels with conference facilities able to accommodate 3,000 people at a cost of Sh80 billion.
The investors will build Sh60 billion car parking complex, shopping malls, restaurants, and two hotels able to accommodate 2,000 people in Kisumu.
The projects will create a fresh income stream for the cash strapped rail firm as well as dramatically transform Kenya’s real estate landscape, especially that of Nairobi, Mombasa and Kisumu.
AllAfricaRailways to Expand Commuter Services
KENYA Railways has announced plans to develop commuter rail services in Kenya's three cities. It will start train services within the Nairobi Metropolitan, Mombasa and Kisumu City. The transporter said the development of the Nairobi Metropolitan is at implementation stage while the development of Mombasa and Kisumu is at concept stage. Phase one of the Nairobi route will cover 100 kilometres and will provide modern commuter rail services between Nairobi Railway station and Ruiru, Embakasi Village, Jomo Kenyatta Airport and Kikuyu. This phase will cost Sh16 billion according to managing director Nduva Muli.
Phase two will extend the services to Thika, Lukenya and Limuru while phase three will provide services on new rail lines to be built to Ngong, Kiserian and Ongata Rongai to the South, Kiambu to the North and Ruai to the North East of Nairobi. "The project is aimed at providing fast, reliable, safe and affordable commuter rail services within the Nairobi Metropolitan," Muli said when he led a team of Government officials on a site tour of Syokimau railway station currently under construction. "The whole project is due to be completed by the end of 2014." He said the Syokimau- Nairobi line will help decongest Mombasa Road by transferring some of the commuter traffic to the railway. The facility will serve commuters from Syokimau, Mlolongo, Athi River, Kitengela, Machakos and Kajiado..
Daily NationRift Valley Railways Investments secures AfDB loan
Citadel Capital Platform Company Africa Railways says its subsidiary Rift Valley Railways Investments has achieved a positive Earnings Before Net Interest and Tax (EBITDA) for the first time in its recent history.
And the African Development Bank has approved a US$40 million loan (Sh3.4 billion) to finance Rift Valley Railways Investments (RVRI).
RVRI of Kenya-Uganda has reported US$674,000 (Sh57.28 million) in EBITDA for the month of June 2011.
This marks the first time RVRI has recorded a positive EBITDA since Citadel Capital, the leading private equity firm in the Middle East and Africa with US$ 8.7 billion in investments under control in 15 industries spanning 14 countries, purchased an indirect stake in the company in December 2009. Following a shareholder restructuring in mid-2010, the Firm currently owns a 51 per cent stake in RVRI via its Platform Company in the Africa railways sector, Africa Railways.
RVRI CEO Brown Ondego confirmed this, attributing the positive earnings to the dedication of his team and the support from the shareholders. “This is indeed a significant start to RVRI’s turnaround process” Brown said.
RVRI has a 25-year concession to operate a century-old rail line with some 2,352km of track linking the Indian Ocean port of Mombasa in Kenya to the interiors of Kenya and Uganda, including the capital city of Kampala.